Environmental
A Missouri commercial real estate buyer should include a Phase I ESA requirement in the purchase contract primarily to:
AEstablish innocent landowner status under CERCLA and identify environmental risks✓ Correct
BLower the purchase price
CSatisfy MREC requirements
DSpeed up the closing process
Explanation
A Phase I ESA is the primary tool for establishing 'all appropriate inquiries' under CERCLA, potentially establishing innocent landowner defense and identifying recognized environmental conditions (RECs) that could create liability.
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